Surgery Partners, Inc. (NASDAQ: SGRY) and SolarEdge Technologies, Inc. (NASDAQ: SEDG) are among the top stocks that George Soros owns which have trended lower in recent trading sessions. Value investors may want to take a closer look at the companies below.
Soros Fund Management’s Recent Price Pull-Back Stocks
To find stocks in the firm’s portfolio that may be unpopular at the moment and trading at cheap valuations, I ranked the firm’s holdings by price pullbacks. The ranking table below lists the stocks in Soros Fund Management’s portfolio by stock price performance over the last 30 days.
|Ticker||Name||Price 1-mo Ago||Current Price||% Change 1-mo|
|SGRY||SURGERY PARTNERS INC||$19.35||$15.45||-20.2%|
|SEDG||SOLAREDGE TECHNOLOGIES INC||$64.30||$51.75||-19.5%|
|CNQ||CANADIAN NAT RES LTD||$35.99||$33.03||-8.2%|
|FITB||FIFTH THIRD BANCORP||$33.98||$31.21||-8.2%|
|PAM||PAMPA ENERGIA S A||$52.41||$48.34||-7.8%|
|RDUS||RADIUS HEALTH INC||$32.69||$30.28||-7.4%|
Surgery Partners, Inc. (NASDAQ: SGRY) stock price has fallen by -20.2% over the last month. It may be worth taking a closer look at the stock, especially after this recent decline.
The next largest stock decline in George Soros’ portfolio is SolarEdge Technologies, Inc.(NASDAQ: SEDG) which has seen its share price fall by -19.5% over the last month. Other notable holdings with a recent pull-back include Canadian Natural Resources Limited (NYSE: CNQ), Fifth Third Bancorp (NASDAQ: FITB), Pampa Energia S.A. (NYSE: PAM), Morgan Stanley(NYSE: MS) and Radius Health, Inc. (NASDAQ: RDUS).
Why It’s Worth Monitoring Soros Fund Management Holdings
George Soros solidified his status in the investing Hall of Fame in 1992 with the trade that gave him the title “the man who broke the Bank of England.” Taking on a major federal reserve bank and winning while making over $1 billion personally will do that for you.
Now at age 87 and with a net worth around $23 billion, he stands as the 19th richest person in the United States and 29th richest in the world. His philanthropic organization, the Open Society Foundations, supports democracy and human rights in more than 100 countries.
Soros has often attributed much of his investing success to his Theory of Reflexivity. The key idea behind the theory is that markets are battling two realities; Objective Realities and Subjective realities. Markets reflect beliefs that directly affect the underlying fundamentals and fundamentals, in turn, form the basis for beliefs. This feedback loop sometimes causes prices and expectations to diverge from reality drastically.
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.“
Managers with more than $100 million in qualifying assets under management are required to disclose their holdings to the SEC each quarter via 13F filings. Qualifying assets include long positions in U.S. equities and ADRs, call/put options, and convertible debt securities. Shorts, cash positions, foreign investments and other assets are not included. It is important to note that these filings are due 45 days after the quarter end date. Therefore, Soros Fund Management’s holdings above represent positions held as of March 31st and not necessarily reflective of the fund’s current stock holdings.
However, most can agree that with thousands of stocks traded on U.S. exchanges, doing thorough research on each one is nearly impossible for smaller investors. Leveraging the resources of the largest hedge funds on Wall Street can be a powerful way to narrow down the list.
The ideas section of finbox.io tracks top investors and trending investment themes. You can get the latest data on the holdings discussed above at the Soros Fund Management page.
As of this writing, I did not hold a position in any of the aforementioned securities and this is not a buy or sell recommendation on any security mentioned.